offset account for the receipt write-off

This forum is to discuss different features/issues of Oracle Financials modules ( GL - General Ledger, AP - Accounts Payable, AR - Accounts Receivable, FA - Fixed Assets & CM - Cash Management ).
Post Reply
Shashi_k
Posts: 130
Joined: Thu Jan 10, 2008 3:50 am
Location: India

offset account for the receipt write-off

Post by Shashi_k »

Hi,

I would like to know how the system will derive offset account for the receipts write-offs and what are the journals entries will be created for the receipt write-offs.

Regards,
Shashi.
Shashi_k
Posts: 130
Joined: Thu Jan 10, 2008 3:50 am
Location: India

Post by Shashi_k »

Hi All,

I am looking for the inventory/receipt write-offs in the payables module.

Regards,
Shashi.
Shashi_k
Posts: 130
Joined: Thu Jan 10, 2008 3:50 am
Location: India

Post by Shashi_k »

Hi,

when we perform inventory accrual write off the system will use the variance account of the PO as offset account and when the create account program is run system will create the following journals

Accrual account ...................DR
To Offset account .....................CR

Regards,
Shashi.
Post Reply

Who is online

Users browsing this forum: No registered users and 1 guest